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looks like the only debt compromise on the table hits the big three really hard. but feel good about the fact that tonight john boehner was having pizza with the tea partiers. the folks that say they won't sign on to anything. congressman kucinich calls the plan a raw deal. he's here and he's fired up tonight. this is the ed show, let's get to work. >> all of the candidates are going to have to demonstrate they can do all of the job all of the time. >> tim pawlenty is taking cheap shops at a republican front-runner. tonight i'm going to defend michele bachmann. >> i'm not going to allow anyone to take a pufrmg at me. >> alan west refuses to apologize for his sexist remarks. today he says she owes him an apology. where's the outrage? >>> if you thought the defense of news corp. was odd, wait until you hear bill o'reilly's stance. >>> the president first tried to sell his plan to nancy pelosi and harry reid. and then the obstructionists came over to the white house. boehner and mk skon el. they have to convince members of their party to accept over a trillion dollars in revenue i
. if a crisis can be averted. if democrats and republicans can come to an agreement on the big fight that has been frankly smothering american politics for weeks now. president obama announced earlier today that he wants to see a deal done by tomorrow on the big debt ceiling fight that has consumed every bit of oxygen in d.c. for the last few months. the president saying tonight that congressional leaders are on the clock. they have 24 to 36 hours to get a deal done. as planning a vote that the u.s. government should not default on our debt and shut down comes down to the wire, we are inching close enough to the edge here that two of the world's major credit rating agencies have warned that our national credit rating may be downgraded as a result of this standoff. the day that the u.s. would actually hit the debt ceiling and start going into default and shutting down is august 2. but this does not mean that we have until august 2 before we lose our national credit rating. that could just happen right now. because of the uncertainty and because of how long it is taking to get this done. right
to democratic aides, a debt deal without tax increases is reportedly moving forward. tonight, the big three remain on the chopping block. democrats need to understand cutting the big three in any way is a disaster. this is "the ed show." let's get to work. >>> democrats still say no deal without taxes. the tan man can't control his tea partiers. meanwhile, religious and civil rights leaders are personally urging the president not to cut the social safety net. reverend jim wallace met with the president. he's here tonight. in "psycho tk" el rushbo is pushing another democratic conspiracy theory. and congressman allen west voted to cut social security for his constituents and for some listen he's still attacking debbie wasserman-shultz. >> 80%. 80% of americans do not want washington to lay a finger on medicare and medicaid. that's a heck of a number. you know the nfl is about ready to do a deal. if some nfl coach said my quarterback is going to hit 80% of his passes this year, they'll say holy smokes, we're going to win the whole thing. that is a huge number. this just isn't democrats. it's
. >> third, i think they are agreed on budget cuts but not which cuts. i think they are agreed now that big deal is dead so they will try to go for some small deal. i guess they're there but it's clear mitch mcconnell is concerned that the republicans in the house can't get anything through. >> well, then i don't think they're dead. your hopes of them all agreeing on the three things you named as you said, you don't know if it can get through the house. a house divided cannot stand for america, pat. richard, what is your reading? ? the republicans can't get it together and the people who may pay for this is the american public? >> before we get there reverend, i want to pick up on something pat said. if there were any kind of tax increase at all republicans would be finished. let's look at the polls. recent gallup polls suggest that only one in five american voters think that this deficit crisis needs to be dealt with, with spending cuts alone. in other words, the vast majority of voters want to see a mix. now you can debate where the mix should be between spending and revenues, between cut
on mcconnell's compromise plan as early as this week. that would mean republicans get big spending cuts in exchange for zero tax increases. the president vowed that that wouldn't happen. tonight let's be an honest broker and make sure he keeps his word. >> i do not see a path to a deal if they don't budge, period. >> president obama drew a line on taxes last week. republicans are running out the clock, and it looks like the president is caving. senator sheldon whitehouse is here. one of the key figures in the news corporate fox hacking scandal is found dead, and there's more trouble in the united states for rupert murdoch. filmmaker robert greenwall on the latest. in psycho talk tonight. >> yes, they have the right to do that. that's not discriminating based upon religion against their particular religion. >> republican presidential hopeful herman cain has a warped understanding of the constitution. more anti-islam remarks from the godfather's pizza man. tonight, he's attacking another candidate on his religion. remember last week everybody was saying, well, the president is in such a g
ever gets to the point where he's really going to cut the big three. i do give the president a great deal of credit for fighting the republicans like this and standing up to them. they're a reckless party and they don't care if they have another financial meltdown in this country. this is one of the most un-american things i think i have ever seen play out by a political party. president obama is putting politics aside. it's time for the republicans to do the same. i mean, when the president says this may sink my presidency, he's willing to have that happen as long as it saves the country financially. for once, for sure, we can turn to washington and see that there is someone and it happens to be president obama who's willing to put country first at the stake of -- at the sake of possibly losing his base in a very important election cycle and it may, of course, jeopardize his re-election. he's got 77 people in the house who signed on a resolution saying no cuts to the big three and willing to go to war with them as well to save the economy. where are the republicans? for the latest o
the table. >> to get a big package would require a big tax increase in the middle of the economic situation that's extraordinarily difficult with 9.2% unemployment. it's a terrible idea. it's a job-killer. >> reporter: on sin's "meet the press," treasury secretary tim geithner said failing to reach a deal would be catastrophic. >> we need to do something substantial to bring our long term deficit down over time. >> reporter: the stakes high as the two sides try again today. so, the president will be answering questions at a press conference scheduled for 11 a.m. eastern time this morning. he'll then meet with congressional leaders this afternoon. he's asked republicans to bring specifics for their plan. >> thanks so much. a reminder for you, we'll have live coverage of the president's news conference beginning at 11 a.m. eastern time right here on msnbc. the place for politics. >>> officials at nasa are closely monitoring a piece of so-called space junk, which is on a potential collision course with the space shuttle "atlantis" and the international space station. nasa estimates that the ob
's here to dish on the debt and deal in taxes. and big money, big problems? mitt romney's campaign is debt free, but where is all that money coming from? we'll tell you why it could add up to a little bit of trouble for the republican front-runner. good morning, it's monday, july 18th, 2011. i'm chuck todd. just 15 days until default day. let's get right to my first reads of the morning. it's a week of public spectacle and private wrangling. efforts to get a big debt deal done has failed. >> when you look in the past at agreements between divided government, it's taken leadership on both sides. it took reagan and o'neil. it took clinton and gingrich. the president is out there. he's willing to do it. he said it in the state of the union, he said it in the budget. the question is, do we have a partner to work with? and i hope the answer to that is yes. >> this week we'll see a two-track process. publicly, leaders will get a few votes out of the way to allow conservatives to get on the record on a balanced budget amendment and set the table that nothing besides the final deal can pass. meanw
of different ways. by the way, this is no big secret, it's not like i'm telling you something other people can't figure out very easily. but if you have one phone call another phone it creates a busy line. if you use a third phone to call in, it goes directly to the voice mail and if you don't have a pin, it's very easy to get somebody's voice mail. >> we talked about at&t. how vulnerable are they to getting hacked and do we need to make pin numbers mandatory in order to keep all of our phones safe? >> i think that's something to think about. right now the onus is on the consumer, it's on us to be proactive with our mobile devices to put that pin on there. you think of your smartphone these days. it's really like a small laptop. in my face it's almost as big as a laptop. but you store so much personal information on there that really the companies should be doing more for users, i would say, because they're such an extension of ourselves. because there's such critical information on there. you know, i don't want to single out at&t too much because all of the wireless carriers are aware that th
economic soundness to this country. that take as big deal. a lot of pain. democrats are upset the president talked about pain on their side of the ail and republicans are saying no way will we give tax relief to middle income americans. they want to continue tax relief to the wealthy. everyone agrees a number around $4 trillion will make a serious debt on our deficit. it will send a statement to the world that the u.s. has gotten ahold of their fiscal problems and they are moving forward. it will give confidence to the american people that we can move forward to bring economic soundness. that's the president's commitment. >> 6:00 on the east coast. welcome to "morning joe." look at that nice live look at times square. joe is looking spify today. he went shopping. it is monday, july 11th. >> i don't know what that means. >> we have msnbc -- well, yes. this is unusual. we have msnbc contributor mike barnicle, john heilemann. what's so funny? >> yeah, what's so funny? i don't get it. he's back. >> we can't get him to leave. we have "morning joe" economic analyst steve rattner and in washington
much progress towards getting a deal done. so we'll have to see if anything big came out of this meeting. what we can tell you is the backdrop is dwindling hope for getting a big deal done. as you said, president obama was pushing for a big deal, especially at the end of last week. somewhere in the neighborhood of $4 trillion in deficit reductions over the next ten year. it looked like at the end of last week, at least, speaker boehner was trying to get on that same page. it would have involved coming to the table over entitlement reforms, ib vochled republicans coming to the table over rolling back tax credits for wealthy americans and big corporation, but then over the weekend, speaker bain boehner wouldn't be able to support a big deal. they are discussing as you said a deal half the size. somewhere in the neighborhood of $2 trillion to $3 trillion in cuts. we expect eric cantor to have come to this meeting with their proposal. we expect that's what they were discussing during this meeting. we'll let you know exactly what happened once we find out. the president earlie
. and carney saying that tomorrow is a big day and everybody has to either come to an assessment that we can do a significant deal and they were talking of course of the $4 trillion deal until the republicans pulled the plug on that last weekend, and they have to come in friday, and friday is shaping up to be something of a deadline, and meanwhile, tim geithner, the treasury secretary up on the hill behind closed doors talking about the senators of a doom and gloom scenario is nothing is done by august 2nd, and the united states has to begin to default as carney and other white house officials call it hypothetical and insists that the country will not default and some arrangement will be made, but it is not clear what the path of the arrangement may be before august 2nd, tamron. >> and what about the report that the president was mulling over a bipartisan meeting at camp david and there is a quote at nancy pelosi saying it is not a good idea many her opinion, because the rsvps have not been released as politico pointed out, but what is story here? >> well, everybody is backing away from somethi
after trying to make a jailhouse visit? ♪ >> and a big turnaround for the music industry. how artists like lady gaga played a big role in the recovery. >>> good morning. i'm alex witt. welcome to msnbc saturday. first we go to the legacy of betty ford. the former first lady completely changed the way americans talk about addiction, breast cancer, and other tough issues that people used to deal with in silence. mrs. ford died last night at the age of 93, and she said she was an ordinary woman called on stage at an extraordinary time. nbc's brian williams has more. ♪ >> reporter: we got to know her all over again during the week of mourning for president gerald ford, her strength and dignity still intact 30 years after leaving the white house. >> i was an ordinary woman called on stage at an extraordinary time. >> the president's first and our first lady, betty ford. >> reporter: elizabeth bloomer ford, never expected to be anything other than a congressman's wife. >> his wife, betty ford. >> reporter: but she became first lady the day richard nixon resigned. it was, she later said, t
14% in taxes and corporations pay 0%, and you raise more, you can have us a big deal here. >> they're still drawing lines in the sand that seem insurmountable with weeks to go before the august 2 deadline, congressional leaders are heading back to the white house today for yet another meeting to reach a deal on raising the country's debt ceiling. officials familiar with the negotiations say majority leader eric cantor dominated yesterday's meeting. cantor laid out what was agreed upon in the deficit reduction talks led by vice president biden, specifically $2 trillion in cuts in the next decade. the figure includes $1 trillion in discretionary spending. $200 billion in medicare and medicaid. and $200 billion to $300 billion on saved interest in the debt. >> so the military -- the military, i guess, comes in in the mandatory discretionary spending. >> military. >> sources familiar with the talks add that after the presentation president obama said the two sides might be able to reach consensus on roughly $1 pp 7 trillion. but there are still some issues to resolve. at one point in t
republicans. that would offer a big challenge to mitt romney. >> keith, why is at this moment rick perry holding out? >> i wish i could tell you what's going on inside rick perry's head. i think he's probably deciding if he's a legitimate candidate. if he can win the gop nomination. i think he is threatened by michele bachmann. i think she's sort of obviously protects the same type of people that are part of her base, part of his base. there's the question of electablity. if he wins the gop nomination, could he win the presidency? could he beat obama obama? i'm not convinced he could. >> what do you think, john, who would be the builtest threat to barack obama of three? >> i think romney would be the biggest threat. i think perry would come in second and i think that bachmann could would come in third. mitt romney has the organization out there. he has a compelling story when it comes to turn around artists. he turned around the olympics. he turned and massachusetts and turned around -- i think people want a turn around artist. perry has a story to tell about what he's done in texas as f
. and right now we've got a government so big and so expensive it's sapping the drive out of our people and keeping our economy from running at full capacity. the solution to this crisis is not complicated. if you're spending more money than you're taking in, you need to spend less of it. >> it is so elementary and so simple for the republicans, isn't it? boehner's two-step approach is nothing but a joke. for republicans, it all starts and ends with defeating president obama and seeing him fail. just take a look at the title of boehner's plan, "two-step approach to hold president obama accountable"? president obama accountable? did he inherit this? hold it there for just a moment. boehner isn't trying to solve the debt crisis. this is all about making president obama fail. let's dive into boehner's two-step plan. here's number one. cuts, cuts that exceed the debt hike. number two, caps to control future spending. now, those two steps seem pretty reasonable. the problem? boehner's two-step plan, you see, really has three more steps to it. number three, a balanced budget amendment. now, l
as well. so we need to do something big. >>> plus, decline of an empire? murdoch makes the cover of "time." the uk makes another arrest. and u.s. lawmakers demand investigations into news corp's actions here at home. >>> strikeout. why did the judge just declare a mistrial in the roger clemens' perjury case? >>> good day. i'm andrea mitchell live in washington. it's round five of the debt talks today. coming off the most heated exchange yet in the debt negotiations between president obama and republican leaders. eric cantor says the president all but stormed out of the last meeting. democrats have a different story. their version is that in fact, it was the republicans' fault. major garrett is congressional correspondent. here we are unveiling the cover as we do every week of the "national journal." let's talk about these negotiations. we've got he said/he said, basically. you have two sides accusing each other of storming out. it clearly got a little bit testy. >> it got testy -- >> we're told cantor interrupted the president several times. >> eric cantor was persistent, i'm sure. eric c
to raise the debt ceiling. everybody fr everyone agrees. this is big for the republicans. never done before with a long-term budget plan to bring down the deficit. now everybody agrees also there has to be a balanced approach. they agree to $1.6 trillion in cuts and what the president is saying is there's $400 billion in tax subsidies. tax give ways, as al you mentioned, tot hedge fund managers, that we can no longer afford. now if republicans don't buy that, as david brooks said nothing in the new york times, they are idiots. they don't know how to govern. they won. they ought to take this deal. >> mr. brooks, conservative columnists, is saying come on. you are marginalizing yourself. can't even you even hear from your own people that ideal logically agreed with the republican line. >> well, look, reverend sharpton, you showed some polls a minute ago that showed 70 or 8 30ers don't agree with republican owns this or that or the other thing. if the republicans are standing up for their convictions and beliefs against the tide of public opinion, it may be political courage an political decis
the debt ceiling to go up and take cuts to the big three off the table. mcconnell late today put out his last chance plan. >> i would advocate that we pass legislation giving the president the authority, the authority to request of us an increase in the debt ceiling that would take us past the end of his term. that is what he has said. he said he will not sign a debt ceiling that does not take us past the end of his term. >> so mcconnell's plan would allow republicans to vote against the debt increase, but it would allow the president to increase the debt. the downside for the righties? cuts to the big three would be off the table. that's been their mission all along. the tea party jumped all over mcconnell, right wing blogger eric rashgson said mitch mcconnell is making a historic capitulation. consider sending mcconnell a weasel. john boehner is on board with the senate leader mcconnell. he ran over to fox news and did major cya. >> i think everybody believe there is needs to be a backup plan if we cannot come to an agreement, and i think mitch has done good work. >> backup plan? at th
, to have a big fight in washington about what we are going to prioritize in this country, what we are going to spend money on and not going to spend money on. the president said yesterday the fight about the debt ceiling is not going to be some short-term stop-gap measure to tie the fight over to another day. the president said he wants to have the fight now. we are coming out of the great recession, but still tough times economically. given that, how should we be allocating our resources as a country? the republican stance in this big argument, the republican position is that they will not allow taxes to go up one penny, even if democrats only want to raise taxes on the richest people in the country. >> a tax hike cannot pass the u.s. house of representatives. it's not just a bad idea, it doesn't have the votes, and it can't happen. the american people don't want us to raise taxes. >> american people do not want us to raise taxes, makes for a nice, tidy, talking point in this fight. it does not, however, appear to be a true talking point. most recent poll to poll on this question said when
find himself in the unemployment line. it's that big of an issue. new polling in four key swing states tell the story. over 50% of voters in ohio, missouri and montana say that they will be less likely to vote for president obama if he makes any cuts. that's any cuts to medicare/medicaid benefits. the same holds true if the president signs off on any deal that cuts social security. president obama will never win reelection if he loses 50% of the voters in a state like ohio. now, there is really good reason -- no good reason anywhere to put entitlement cuts on the table with numbers like this. this is mind-boggling to the democratic caucus right now. i know, i spoke to a dozen of them tonight at a function here in washington. republicans. they will never take it as a tried-off for raising taxes on the rich. eric canter made that crystal clear this morning. >> i can tell you one thing, we are united as republicans to say now is not the time to raise taxes. i have talked with the speaker. he is not for increase in taxes. >> we are not for any net new revenues right now. what we want to fo
a democratic president at the table willing to make major changes in the big three, to the tune of $4 trillion across the board, and the republicans won't take the deal. it's rather amazing. why? are they afraid that president obama might do well with independent voters? are they miscalculating the fact that the base would be furious with the president if he were to cave in on the big three? and president obama tonight in my opinion is emerging as the most honest broker maybe washington has seen in a long, long time. he openly states he's willing to put his presidency on the line to bring both sides together to get a deal, and the only way he believes that can be done is if some revenue from the wealthiest americans comes into the treasury. and the republicans won't budge. it's amazing, it really is amazing. president obama is trying to make an honest negotiations at the decade. this is what republicans have wanted for decades. they have a democratic president that's willing to do it and they walk? because of revenue? amazing. for more on tonight's meeting, sam young man. white house correspon
i'm thomas roberts. rupert murdoch will testify at parliament tomorrow, this is the big headline, all over the phone hacking scandal that's rocking his media scandal. meanwhile there was a new arrest of a top exec over the weekend, and now the head of scotland yard and his assistant are resigning. if you're keeping score so far, there have been three high-profile resignations, ten arrests and it is not over yet. jim maceda is live in london to bring us up to speed on this. jim, good morning. >> reporter: hi there, thomas. make that four high profile resignations. just a couple of hours ago scotland yard's number two, john yates, also resigned under increasing, extraordinary, really, pressure. that on the heels on his boss's resignation last night. commissioner paul stevenson, he was the head of scotland yard. he, if you will, fell on his sword and said that he could not in good conscience continue with all the challenges to keep the peace in great britain as he and specifically his relationship with the murdock media empire became such a focus of attention. he was calling it a ma
>>> big news in washington this morning. one debt ceiling deal appears dead. will a critical meeting later today help save the american economy? new details about how the cia tracked down osama bin laden. the story of one analyst's dogged determination to get the leader. >>> rolling out the red carpet. the british royal company meets and greets some hollywood's biggest royalty. the scoop and buzz from their trip. >>> the 10 million mile man. you're going to meet the guy who just set a new record for the most flights on an airline ever. pretty cool stuff. good morning. i'm thomas roberts in for alex witt today. thanks for joining us. we get right to it. two big issues are making headlines this morning in washington. jobs and the debt ceiling talks. treasury secretary tim geithner appeared on "meet the press" with host david gregory. >> it's going to take a long time still. h is a very tough economy. i think for a lot of people it's going to feel very hard, harder than anything they've experienced in their lifetime now for some time to come. that is because that is the tragic e
, but if a shrunken version of the boehner big does -- or if they go to an emergency extension, the president will be right back in the same predicament he's in right now. i think a lot of people are upset. they blame the republicans more than the democrats for the gamesmanship, but the fact is the republicans have also backed the president into a corner, even if they're doing it in a way that's not popular. >> i want you to analyze they two possibilities, one the president could give away more of the store, more spending cuts, maybe enough to get us thus this increase. which would make the redhots happy. no tax increase at all. the other possibility is to marry what boehner wants right now with what mcconned was talking about next year, where next year it can be are can be raised by the president, only the house would have to come back with a two thirds veto, so it seems there is a possibility for compromise, but the easiest thing is for the president to throw the whole bomb game, say, you win this year, not next year. >> i don't think he can do thatç chris. when you get to a number that bi
that would have included up to a trillion dollars in new revenue. it seems like the republicans talk a big game about solving the nation's problem. but they are really only interested in one thing, that's winning back the white house. mitch mcconnell said this on fox news. >> the most important thing we want to achieve is for president obama to be a one-term president. >> that is true. that's my single most important political goal along with every active republican in the country. >> joining me now, is the independent senator from vermont, senator bernie sanders. senator, thank you for being here tonight. how do you explain the republicans unwillingness to compromise to get the big deal that they said they wanted, to put everything on the table. the president said fine now they back down. >> what they said is they would like everything on the table. so long as it means cuts to social security, medicare, medicaid, the needs of our children, and the environment. all of that is on the table. but if you asked billion airs it start paying a little bit more in taxes or if you do away with loop
will be here on set with us. >> this is big. >> huge. >> willie, who is going to be number one? are we looking at oklahoma? alabama? >> could be a tie situation. i have to say. we should point out vanderbilt got a great recruiting class. >> they did have a great recruiting class. >> they did. >> my understanding is the average s.a.t. just above 1300. unprecedented. for a co--ed football team. [ male announcer ] get ready for the left lane. the volkswagen autobahn for all event is back. right now, get a great deal on new volkswagen models, including the jetta, awarded a top safety pick by the iihs. that's the power of german engineering. hurry in and lease the jetta s for just $179 a month. ♪ visit today. but when she got asthma, all i could do was worry ! specialists, lots of doctors, lots of advice... and my hands were full. i couldn't sort through it all. with unitedhealthcare, it's different. we have access to great specialists, and our pediatrician gets all the information. everyone works as a team. and i only need to talk to one person about her care. we're more than 78,000
have a big jump in revenue. obama has been saying let's thai the bush tax cuts are going to lapse and we are going to extend the ones for the middle class. republicans are afraid to let him do that up front. it would kill momentum for a tax reform. >> but, but, but why just get rid of the bush tax cuts. if they are so awful, why not get rid of all of them. get rid of all of them for everybody. if tax cuts are the worst thing ever, the bush tax cuts, get rid of the bush tax cuts for everybody and raise billions in revenue. >> right. i think we could probably figure it out sitting around the table. i don't think it's that difficult. they are locked in in political terms. it's a much different issue to them. you can make rational compromises and deals here. the problem is, how do they do it. what's happening is they are at the point where they realize the consequences. at some point, they realize they have to do something other than hold the ground saying this is it. we're not going to change anything. we are at that point and we have little time to work with. >> howard dean, look wh
of the substance of the proposal, it's too big. there is no time to get something this big done before the august 2nd deadline. it literally cannot be passed through the senate in time even if everybody likes it. the other rainbow/sunshine problem here is the president and the senate agreeing on this or anything doesn't get you further towards raising the debt ceiling, it's not just the president and the senate, it's crazy town down the hallway too, it's john boehner's republican house, that likes the idea of the nation defaulting, that thinks the explosion of the economy might be pretty or at least warm for a second. they are not looking for a good deal or achieve particular policy objectives, regardless of what they get, they are not going to vote to raise the debt ceiling. the republicans who are running for president from the house of representatives, for example, are not saying don't raise the debt ceiling unless, don't raise the debt ceiling until, they are saying don't raise the debt ceiling at all. let's see what happens. this is how republican congresswoman michele bachmann's first preside
that tim geithner and his chief economist, gene sperling, and jack lou were making one more big push for the big cuts republicans say they want. if they turn their back on those big cuts, the president is in the strongest position to say they are not living up to their principles. >> and there is no chance of them accepting any kind of big deal at all because the president is insisting that there be tax revenue increases in there. so the president knows that he is pushing something that they absolutely cannot agree to. so at this point, what the president does seem to be doing is what you just said, is making his position appear to be the one who wants to do the big move on deficit reduction, and forcing these republicans to back away from big deficit reduction, thereby, he hopes, neutralizing deficit reduction as an issue against him in the presidential campaign. >> well, look, he's talked about deficit reduction all the way through. but remember, it's not just his position here. it's 2/3 of the american public. we have a slew of polls here saying that 2/3 of the american people wan
known and they talk about it a lot in the market, and is it getting big r bigger. >> the last time we heard about it is when he bought the "wall street journal," and they said that buying into the troubled newspaper sector is a bad idea and now newspapers like "news of the world" are shuttered and parts of the business and analysts love fox news and fox network and bskyb who he wants to own the rest of it which is off of the table now because of to scandal, but if they can concentrate on the high performing assets, they are okay in the long run. news corp is not going to allow the company to be hurt in the long run, but the newspaper division, clearly wounded. >> and they could have problems going forward, because yahoo!'s daniel gross did an interesting column on this and he said that the hit to the credibility will create a different freedom for working there and harder for places that the murdoch companies own to hire good journlgists, because to get them to come over after this is that you will have to pay them extra, and more to sort of deal with the reputational problems of the
was no big deal for this pipeline, they can handle it. what's believed to have caused this oil spill? high waters in recent weeks that may have exposed the pipeline to debris. exxon mobile, reviewing its own safety record to make that decision is important here because it calls to mind exxon mobile's safety record. july of last year, officials notified exxon the pipeline was against violations of the law. they were in apparent violation of emergency response training, rules governing the potential corrosion of pipe, and having out of dates maps and records of the pipeline. exxon records included valves on the pipeline that no longer existed. exxon says they still haven't seen the pipe that caused the mess in the first place. exxon saying "we are very curious about what may have happened at the bottom of the river." they have to be curious about it because they still haven't seen it. again, exxon mobile is one of the most-profitable companies on planet earth. exxon is one of the most-profitable companies the earth has known in the history of people making profit with companies, yet four day
. look up, look up, now buy that particular painkiller. this is called floor ads. floor ads are big business across this country because -- come on, if you're a company who sells stuff? supermarkets, wouldn't you want a big, shiny floor ad like this one? a couple of years ago, a floor ad mysteriously started losing top clients. they didn't because people didn't want floor ads anymore. come on, they started losing clients because a rival company in the industry was starting to lose their clients. floor graphics was a small firm in new jersey, but a big players entered the arena, a big player with a bigger corporate parent, a company you may have heard of, news corp. news corp. had a u.s.-based company called news america marketing that was already involved in the supermarket advertising business but really wanted in on the awesome floor ads. the only problem was this small new jersey company, floor graphics, was dominating the market. you say problem, news corp. says opportunity. news corp. set its sights on taking this little company down. they had the right guy to do it, according
how well you understand these things as an attorney and as a correspondent. that's a big level. he we are a case that fascinated a lot of people, including me. what did you think? can eve you even ayou is stunned? i. have to say i was surprised. because how quickly the jurors came back with this verdict and the fact it was a wholesale rejection of the prosecution's case. i mean, the jurors had an array of charges to consider. everything from the top charge of first-degree death penalty eligible murder all wait down to just a straight charge of child abuse, and even though anyone watching this case could see the problems of proof the prosecutors were dealt. the fact we don't know when caylee died, or exactly how caylee died although prosecutors had theories that were consistent with the evidence, but the evidence wasn't positive of those theories. at the end of the day, i thought the jurors might get back there in the jury room and say you know what? given her behavior, not reporting the child missing for 31 day, that search of death emanating out of the trunk of the car, multiple witn
>>> the big divide. congressional leaders return to the negotiating table in a few hours trying to hammer out a deal. the two sides farther apart than they've ever been. the question is, if not now, when will a deal happen? >>> the extreme heat is the number one killer in the u.s. claiming more lives than tornados, floods, even hurricanes. how bad things are getting across the country right now. >>> praying gay away. the secret videotape involving presidential candidate michele bachmann and her husband's clinic. does their business claim to have a cure for homosexuality? calling rupert murdoch, the media magnate and his son have been called before parliament to explain the phone-tapping scandal that could bring them down. >>> i'm thomas roberts. we get to president obama preparing for another round of debt talks with congressional leaders as the clock continues to tick. speaker boehner reenforced his party's message and put pressure on the president this morning. take a listen. >> this debt limit increase is his problem. i think it's time for him to lead by putting his plan on t
, changing. one of the big concerns and senator harry reid brought this us up yesterday s if they don't come up with a deal soon, how might the markets react and how might that effect ordinary families? veronica? >> tracie, thank. >>> last night on "the last word with lawrence o'donnell" lawrence asked bruce bartlett if his interpretation of the 14th amendment to the constitution which says that authorized u.s. debt incurred for payment of pension shall not be called into question means that congressional is not actually required to raise the debt ceiling. >> i think a broad reading of that provision of the constitution is justified. especially the part about the pensions. because that implies a symmetry, to things such assess which one can argue is a debt that is owed to the people who pay the taxes and the expectation of getting a benefit. that would be true of medicare benefits, and, of course, a lot of what the government pays for is vendors who provide goods and services to the government, especially the department of defense. it seems to me all of those things can be legitimately consi
tough choices for a big budget deal. today he said without a deal there may not be enough money to send out social security checks. for many republicans in congress, opposing tax has become more than ideology. it's become religion. they're abdicating now their responsibility to co-govern. how are we ever going to get a deal if republican leaders more afraid of the tea party than they are of the economic collapse to come? >>> also, pray away the gay. michele bachmann's husband says the christian counseling practice he runs does not try to pray gay straight, but the video tells a different story. this may make michele bachmann more popular with her base, but what after everyone else? >>> plus, the murdoch scandal keeps getting bigger and bigger. gordon brown told the bbc that murdoch people used known criminals to get access to his personal information and try to bring down his government. the story has now hit the "sunday times" of london and his company stock is sinking. how bad will this get? jon stewart and british ex-pass had fun, a lot of fun, actually, with the murdoch story. that'
money problems. >> and big money, big problems? >> gop fund-raisers staying on the sidelines. >> for mitt romney it's 70% maxed out contributions. >> is newt aware he's running for president? >> the arrests continue as the british police close in on rupert murdoch's media empire scandal. >> every day we're seeing more inconceivable things happen. >> abandon ship. in the last 24 hours there have been two high level resignations. zo london's top cop. >> rebekah brooks was released on jail. >> rupert murdoch is supposed to face the scandal head on tomorrow. >> all eyes are trained on parliament tomorrow. >> they're cutting short a trip today to south africa. >> when is he going to do the decent thing and resign? >> congress now has 15 days to pass a bill to raise the debt ceiling before the united states government goes into a catastrophic default on august 2nd. today harry reid announced the senate will meet every day until the debt ceiling is raised. yesterday david rogers of politico discovered and reported that house speaker john boehner and eric cantor held a secret meeting
to figure out whether or not we are still a country that can think this big. we have to come up with a sensible way to finance healthcare, and the delivery 6 healthcare. there isn't anything we can't afford if we prioritize it. >> i think that one of the things we will see in the 2012 presidential election is whether a republican stands up says, i disagree with obama on taxes, and foreign policy, but he is as much of an american as i am. they won't say that move on to the issues. >> with immigration, you can only fear the future if you don't know our past. if you know how this country was built on immigration, you will understand immigration is an invaluable energy infusion into this country. it always has been. it changes the definition of who we are. >> good evening, americans, welcome "the ed show." the president is playing a dangerous game of chicken with this country's safety net. drew a line on taxes, i will have to draw a line on the big three tonight. don't offer the cuts on medicaid, social security, the american people since american people have spoken. the president s
are loop hoeholing loopholings. >> shouldn't they hold firm, democrats, on this. >> this is a big step forward for john cornyn, one of the big leaders in the -- a leader in the republican senate campaign committee to suggest they're open to the idea if not in the intermediate term closing loopholes is an important first step. it suggests that you can win some of your concessions you want here. if you're going to take drastic steps to reform medicare and medicaid and social security, which i agree we should, you should also hold firm to say that some are going to have their taxes changed. if the middle class and the people below the middle class are going to make sacrifices, and all americans should. people on the upper oechend sho as well. hopefully they'll agree to a corporate tax cut and hopefully doing something incentivize businesses hiring going forward. >> we got some great segment ms ahead. and must reads. the tax issue hurts it economy to deal with this a little bit and get what the democrats want on this. i don't think it does. >> i want patrick to explain this. he never quite
of the economy. does that mean we're going to have to push the big changes to deal with the debt and the debt are going to have to go down the road a bit and to the long-term maybe more than ten years? >> well, chris, i don't know about more than ten years. certainly as you know in simpson/bowles, senator simpson and former chief of staff erskine bowles, in their report they posited that we needed to and they proposed making substantial cuts, raising revenues and dealing across the board with all items of expenditure. they said in the near term, meaning the next year or so we need to be very careful that we did not have the opposite effect by dampening down the struggling economy obviously as we saw today which will decrease revenues and make the problem so in the short term i agree with the bowles/simpson suggestion that we be very careful in the short-term. there is no doubt, however, that in the white house yesterday or thursday there was -- that was yesterday, there was a clear agreement that this was a serious, serious challenge that confronted us. and it demanded that all of us try to c
or not the italian banks have enough cash on their balance sheets. we've seen quite a big turn-around in the market. many stocks opening lower by as much as 5% to 10% and now trading in positive territory after the finance minister, the economy minister is heading back to rome from brussels and will be looking at the austerity measures and pushing them through. >> we know yesterday the dow down 151 points, the biggest drop in over a month. thanks so much for bringing us up to speed, we appreciate it. >>> else where, hundreds of syrian government protesters stormed the u.s. and french embassies in damascus, the protesters smashing windows and spray-painting walls with obscenities aimed at the american ambassador. guards at the french embassy fired into the air to ward off the demonstrators there. some warning shots. the violence and tension follow as visit by the american and french ambassadors to the city of hama, stronghold of opposition to the president. during a joint press conference at the state department, secretary of state hillary clinton warned assad about inciting future attacks. >> presi
>>> good day. i'm in for con tesz ya brewer. we're covering the big news from coast to coast. the hot topic is just that. we're talking about the sorching summer heat. >> beautiful weather out there if you love heat and humidity. today will be the hottest and most humid day of the summer. >> today? >> look at the numbers. right up into the triple digits. >> dallas has been baking in 100 degree temperatures for ten straight days. >> horrible. horrible. >> near hudson, texas, it's not the heat or the humidity, that's the drought. >> oouf never seen it like this. >> across the south temperatures are soaring and water levels are sinning. it's so bad a south georgia man is sharing the water from his pool. >> we're carrying buckets of water back and forth to the neighbors. >> in the midwest oppressive heat claimed one life. a man found dead inside his mobile home on sunday, the air conditioner wasn't working. >> this is oppressive and dangerous heat affecting more than 20 states and more than 90 million people. >> there are heat advisories or warnings in 24 of the 48 lower states.
is anything more than a big wet kiss to the right wing, and -- and i mean the tea party. that's who i mean. it's too bad his caucus is being run by such a small number of people. >> what will happen between this very moment and a potential vote tomorrow is anyone's guess in the town that is washington, d.c. amid all the bickering and tinkering, the nation is just six days away from a first ever general default, and the treasury reiterating in a statement moments ago there is no guarantee the government can meet all its obligations after an august 2nd deadline, so what are the remaining options for our dysfunctional government? nbc's kristen welker is at the white house and let's also bring in luke russert on capitol hill. kristen, we know both sides are crafting their budget deals, both trying to take the high road, but are there any signs that the differences between the two sides are narrowing, and does it seem as though they may conflate these two plans? >> reporter: well, at this point we don't have any indication that they are going to conflate the two plans. we should say there are, of c
the heat from the right. he still wants the big deal that would include perhaps cuts in medicare, medicaid and even social security, and with them tax increases. john boehner responded quickly. no to any tax increases, period. well, my question tonight, do republicans want to deal with really tanking the economy to say no to taxes? the face of the deadlock. the president said both sides have people who refuse to compromise. tonight one from each camp. democrat and tea party republican. i'll ask them what price they'll will be to see the country pay so they can stick to their positions. >>> also, not so excellent adventure. both michele bachmann and rick santorum signed a so-called marriage vow from a conservative group that suggested african-americans had a better family life under slavery. who writes this stuff? and worse yet who would sign on to such stuff? by the way, bachmann leads the pack in a new iowa poll, and a scandal keeps getting bigger. a report the tabloid targeted former prime minister gordon brown's voicemail and bank account. how far will this scandal go? and let me finish
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